Kashrus Kurrents Spring 2014

Q:        I would like to send my young children to a backyard camp during the summer.  The camp is offering an ‘early-bird special’ if I register my children now.  If I wait until the summer to register, they will charge more.  Is there any ribbis issue with registering now and receiving the discount?

A:         Ribbis involves lending money to another Jew and charging interest.  Doing so may violate a Torah prohibition or a rabbinic prohibition, depending upon the situation.  If it is necessary to charge interest, the two parties may sign a document known as a “heter iska”, which converts the loan into a business investment, thereby avoiding the prohibition of ribbis.1  People are often unaware that a number of common transactions may violate the prohibition of ribbis.  Here are a couple of examples:

(1)   Reuven buys an item with Shimon’s credit card, and assures Shimon that he will pay the credit card bill.  However, Reuven forgets to pay the bill on time, and […]